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Which three factors transformed industry during the Gilded Age? the expansion of railroads the reliance on old technology, and the investment of government in business the reliance on old technology, the investment of government in business, and the use of old business models the use of new business models, the rise of new technology, and the expansion of railroads the decrease in immigration the rise of new technology, and the expansion of railroads
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The correct answer is: the use of new business models, the rise of new technology, and the expansion of railroads.During the Gilded Age, which spanned from the 1870s to the early 1900s, several key factors transformed the industry:1. The use of new business models: The Gilded Age saw the rise of large-scale corporations and monopolies, such as John D. Rockefeller's Standard Oil Company and Andrew Carnegie's Carnegie Steel Company. These new business models allowed for greater efficiency, economies of scale, and the ability to dominate entire industries.2. The rise of new technology: Advancements in technology, such as the development of the telephone, the light bulb, and the internal combustion engine, revolutionized various industries and enabled the growth of new industries, such as the automotive and electrical industries.3. The expansion of railroads: The expansion of the railroad network during the Gilded Age facilitated the movement of goods and people across the country, connecting markets and enabling the growth of industries. The railroads also played a crucial role in the growth of the steel industry, as the demand for steel for railroad construction and equipment drove the industry's expansion.These three factors - the use of new business models, the rise of new technology, and the expansion of railroads - were instrumental in transforming the industry during the Gilded Age.